Global Cultured Meat Market is expected to reach nearly US$ 2,000 million by 2030: Ken Research

Global Cultured Meat Market By Production Technique

The Global Cultured Meat market is segmented by Production Technique into Scaffold-Based Technique, Self-Organizing Technique, Cell Culture Media. Scaffold-Based Technique segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide usage of the technique to produce cultured meat among various manufacturers. The rising adoption of the technique among cultured meat manufacturers due to simple usage and efficient scale-up is anticipated to boost the demand for the segment in the market.

Global Cultured Meat Market By End-User

The Global Cultured Meat market is segmented by End-User into Households, Food Services Industry, Processed Food, Pet Food Industry. The food service industry segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the increasing trend for dining out globally.

Rapid urbanization and an upsurge in disposable income along with an increasing number of hotels, restaurants, cafes, and others offering cultured meat products, is likely to boost the demand for the segment in the Global Cultured Meat Market.

Competition Scenario In Global Cultured Meat Market

The Cultured Meat Market is highly competitive with ~100 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Cultured Meat.

Country-niche players comprise ~70% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Aleph Farms, AVANTMEATS, BlueNalu, Inc., Finless Foods Inc., Future Meat, Upside Foods, Meatable, Eat Just, Inc., MosaMeat, and Integri Culture Inc. among others.

What is the Expected Future Outlook for the Overall Global Cultured Meat Market Across the globe?

The Global Cultured Meat market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

Global Cultured Meat market is largely driven by the increasing number of investments for research and development of cultured meat along with rising inclination towards environmental sustainability and animal welfare. In June 2022, AVANTMEATS, a Hong Kong-based cultured meat manufacturer, raised US$ 10.8 million in a Series A funding round. Multiple companies invested in Series A funding round but S2G Venture, has invested US$ 5 million in AVANTMEATS. The company aimed to secure investment to support its research and development for its cell-cultured seafood.

In December 2021, Upside Foods, a manufacturer of cultivated meat, seafood, and poultry products, developed a breakthrough cell feed (also called media) that is completely animal component-free (ACF). This new development of media was the crucial step towards making cultivated meat cost-effective.

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In July 2021, Aleph Farms, a manufacturer of sustainable, cultivated meat products, gained US$ 105 million in funding in a Series B funding round. The funding round was led by DisruptAD, the largest venture platform in the Middle East, and the Growth Fund of L Catterton, a consumer-focused private equity firm. The company aimed to utilize the funds for large-scale global commercialization of cultured beef steaks and to expand the company's product portfolio.

The Global Cultured Meat Market is forecasted to continue exponential growth, primarily driven by the increasing number of investments to support the research and development of cultured meat products. Innovations in cellular agriculture and increasing focus to develop new techniques to produce culture meat that is cost-effective as well as efficient are likely to propel the growth of the market. Moreover, the rising inclination towards environmental sustainability and animal welfare is anticipated to boost the demand for slaughter-free production of meat. Though the market is competitive with ~100 participants, regional players control the dominant market share.

Market Taxonomy

By Source

Poultry
Beef
Seafood
Pork
Duck

By End Products

Nuggets
Burger Patties
Meatballs
Hot Dogs & Sausages

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By Production Technique

Scaffold-Based Technique
Self-Organizing Technique
Cell Culture Media

By End-Users

Households
Food Services Industry
Processed Food
Pet Food Industry

By Distribution Channel

Direct
Wholesalers
Hypermarkets/Supermarkets
Specialty Stores
Online Retail
Other Retail Sectors

By Geography

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy)
Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
LAMEA (Latin America, Middle East, Africa)

Key Players

Aleph Farms
AVANTMEATS
BlueNalu, Inc.
Finless Foods Inc.
Future Meat
Upside Foods
Meatable
Eat Just, Inc.
MosaMeat
Integri Culture Inc.

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/business-research/global-cultured-meat-market-outlook-2030/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.